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PDF Editor FAQ

Young graduates and students, when you took out your student loan, did your college fully counsel you on the projected value of your degree?

Does any university do this? No, mine did not. None of my friends, colleagues or acquaintances received such a counsel. 15 minutes and 2 signatures later whatever amount I wanted/required was loaned to me to facilitate my education. The value of my degree, the payback amounts or the entire concept of negative amortization were not explained to me.I suppose it is my fault and the fault of all the other 18 year olds out there that somehow we don’t possess this inate financial understanding. My parents didn’t either so they couldn’t bequeath me with said knowledge. I have it now and my children will be educated accordingly.The real question is WHY would any school provide such counsel? Their tuition is guaranteed. If they don’t accept you, they’ll fill that spot with someone else. Be it loans or self funding, they get their money. And if you took out loans, the bank will get their money too. There is zero incentive under the current system for anyone to provide you with more information or for the “loan tap” to be turned off.

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